Carnival Cruises buys back rescue convertible

Aidan Gregory

August 06, 2020 04:00 PM

Carnival_Cruises_PA_575_375 — March 14, 2020, Cape Canaveral, FL, USA: The Carnival Liberty leaves Port Canaveral, Fla., Monday, March 9, 2020. Carnival Cruise Line announced the suspension of all of their cruises in North America through April 9, 2020, in response to the coronavirus threat. (Credit Image: © TNS via ZUMA Wire) | Joe Burbank/Zuma Press/PA Images

Carnival Cruises has launched a partial buy-back of the $2bn three year 5.75% convertible bond it issued in April to provide itself with more liquidity during the Covid-19 global pandemic.

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Equity United States Americas North America Goldman Sachs Equity-Linked

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Aidan Gregory